Bitcoin issued a statement on its website Monday explaining that it had delivered a presentation to officials at the Thailand central bank to educate them on how it operates in order for the bitcoin to be traded in the Asian country. Despite their best efforts, senior officials of the Foreign Exchange Administration and Policy Department

Federal Reserve Chairman Ben Bernanke | Creative Commons image by Talk Radio News Service On Monday, US legislators held their first-ever congressional hearing on virtual currencies, in particular bitcoin – the controversial crypto-currency. As US authorities discussed the pitfalls and…ing organizations. The Federal Reserve will continue to monitor developments as part of its broad interest in the safety and efficiency of the payment system. We also stand ready to cooperate with other agencies in fulfilling their mandates, as appropriate." See the full exchange here.

RIAA: Bitcoin Makes it Hard to Track or Seize Pirate Bay Donations Ernesto October 30,2013 BitCoin Print The RIAA alerted the U.S. Government to several notorious pirate websites this week,including The Pirate Bay. While the inclusion of the infamous torrent site doesn’t come as a surp…where some of the Pirate Bay donations went. In total,TPB has raised close to 100 Bitcoins spread over two addresses,which is roughly $20, 000 at the current exchange rate. A quick look at the current wallet shows that The Pirate Bay received 64 Bitcoins which were all spent elsewhere.

Stranded: A cluster of dead starfish washed up on the beach. THOUSANDS of starfish have been washed up on the beach following the recent bad weather. About 4, 000 of them laid strewn for miles at the Humberston Fitties yesterday, turning the beach into a marine life graveyard. It is th…hurst, head of development, said: "It's not unusual to have dead starfish wash up on the beach and there have been instances when it has happened with greater numbers than this event." Thanks to Simon Peck, a reader who took yesterday's thisisgrimsby.co.uk picture of the dead starfish.

Mike Hearn (Photo by Andy Artz) At the heart of Bitcoin is the blockchain,a global,shared record of every Bitcoin transaction that has ever occurred. It gets its name from the fact that every 10 minutes,on average,the peer-to-peer Bitcoin network adds a new "block" containing records o…ed payment verification (SPV) nodes. Light nodes don't care how big the blocks are. And full nodes have a hard physical limit [of one megabyte per block.] So one megabyte every 10 minutes,dividing by the average size of transactions [gives us] the current limit [of] about 7 per second.